Q2 | 2018
Ventura County and Surrounding Areas
Market Update
CAMARILLO
969cortelacienega.com | Offered at $2,888,000
LAKE SHERWOOD
2102trenthamrd.com Offered at $4,795,000
a message from
Annette Berger
Vice President, Brokerage Manager It is a great pleasure to present the Ventura County and Surrounding Areas Market Update for the second quarter of 2018. Mortgage rates, even though on the rise, remain very favorable. Tight inventory continues, especially in entry-level price categories, which makes affordability challenging and weakens sales growth. The results for single-family home sales in Ventura County and surrounding areas for the second quarter of 2018 reflect an increase in average sales price and median sales price in the majority of neighborhoods. The total number of units sold was down in most areas from Q2 2017 (1,154 units) to Q2 2018 (1,082 units). Days on market decreased again in most areas, due to low inventory. I hope that you find the information in our quarterly update useful to make an informed decision in the purchase or sale of your next home. I invite you to discover more information online at sothebyshomes.com. If Sotheby’s International Realty can be of service to you, please call me at 805.495.2000 so that I may personally introduce you to a local expert. sothebyshomes.com/ventura
dre
phone
01022168
annette.berger@sothebyshomes.com
818.645.7464
Brokerages Serving Ventura County westlake village
805.495.2000
channel islands
805.382.8200
sothebyshomes.com/ventura
montecito coast village road
805.969.9993
santa barbara
805.963.1391
All data within this document is pulled from FLEX MLS as of 7/1/18. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc. Equal housing opportunity. SIR DRE: 899496
Ventura County
and Surrounding Areas
06 08
Market Snapshot | All Areas
10 12 14
20 22 24 26 28
Agoura Hills Calabasas Camarillo
16 18
Featured Properties
Channel Islands (Oxnard) Lake Sherwood Ojai
Thousand Oaks Ventura
Westlake Village Extraordinary Results
Featured Properties We invite you to explore our exclusive offerings at S OTHEBYSHO M E S.CO M / VE N T URA
WESTLAKE VILLAGE
1400redsailcircle.com Offered at $2,895,000
SANTA CLARITA
Offered at $4,750,000 27270rollinghills.com CALABASAS
Offered at $2,949,000 26832provence.com AGOURA
Offered at $2,175,000 31145lobovista.com OXNARD
Offered at $1,999,999 3373southharbor.com *in order from left to right, top to bottom
sothebyshomes.com/ventura
7
/ Featured Properties / Ventura County Q2 Market Update
Market Snapshot
Ventura County | Q2 2018
Units Sold t Snapshot Units vs ASP - Mkt Snapshot
Westlake Village
Agoura Hills
$1,200,000
Calabasas
1400 1200
$1,000,000
1000
$800,000
Ventura
800
Camarillo
$600,000 600 $400,000
Thousand Oaks
$200,000
Ojai
Total Units Sold 73 85 216 36 5 50 330 177 110
400
Channel Islands Lake Sherwood
200
$-
0
2014
2015
2016
Average Selling Price
Calabasas
Total Units Sold
Channel Islands Lake Sherwood Ojai Thousand Oaks Ventura Westlake Village
2018
Average Selling Price vs. Total Units Sold
Agoura Hills Camarillo
2017
Comparison by Neighborhood Agoura Hills, Calabasas, Camarillo, Channel Islands, Lake Sherwood, Ojai, Thousand Oaks, Ventura, and Westlake Village
ASP - Market Snapshot
$2,000,000 $1,800,000 $1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $-
Agoura Hills
Calabasas
Camarillo
Channel Islands
Lake Sherwood
Ojai
Thousand Oaks Thousand
Ventura
Oaks/Newbury Park
Westlake Village
Average Selling Price Q2 2018 1.2m $ 1.7m $ 700k $
Agoura Hills Calabasas Camarillo
1.2m $ 1.9 $ 1.2m $
Channel Islands Lake Sherwood Ojai
9
800k $800k $ 1.6m
$
Thousand Oaks Ventura Westlake Village
/ Q2 Highlights / Ventura County Q2 Market Update
at a glance {Q2 | 2018}
agoura hills
1
%
Change in Average Selling Price {2018 v 2017}
6
%
Change in Units Sold {2018 v 2017}
73 Units Sold
1.2m
$
Average Selling Price
|
Average Selling Price Total Units Sold Units vs ASP
$1,200,000
90 80
$1,150,000
70 60
$1,100,000
50 40
$1,050,000
30 20
$1,000,000
10 $950,000
0
2014
2015
2016
2017
Average Selling Price
2018
Total Units Sold
About
Agoura Hills As the gateway to the Santa Monica Mountains National Recreation Area in northern Los Angeles County, Agoura Hills and Calabasas houses some of Hollywood’s premiere celebrities, due in part to its private landscape, rolling hills and ample open space. sothebyshomes.com/ventura
{ALP vs ASP}
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market {2018 v 2017}
Change
3%
1%
-
-2%
6%
44%
2018
$1,211,834
$1,164,836
4%
$1,043,000
73
82
2017
$1,178,278
$1,150,499
2%
$1,060,000
69
57
2016
$1,041,478
$1,024,603
2%
$900,000
82
59
2015
$1,083,889
$1,060,021
2%
$871,500
60
65
2014
$1,056,190
$1,025,405
3%
$767,000
58
87
11
/ Agoura Hills / Ventura County Q2 Market Update
|
Average SellingUnits Price Total Units Sold vs ASP $1,800,000
90
$1,700,000
88 86
$1,600,000
84
$1,500,000
82
$1,400,000
80
$1,300,000
78 76
$1,200,000
74
$1,100,000
72
$1,000,000
70
2014
2015
2016
2017
Average Selling Price
2018
Total Units Sold
About
Calabasas Calabasas, the youngest city in Los Angeles County, has a longstanding commitment to preserving the community’s natural beauty and semirural quality of life. The city serves as a national leader in environmental and public health issues. sothebyshomes.com/ventura
Average Average Selling List Price Price
{ALP vs ASP}
2%
3%
-
11%
-2%
-4%
2018
$1,780,655
$1,732,045
3%
$1,435,000
85
47
2017
$1,747,296
$1,674,690
4%
$1,296,500
87
49
2016
$1,691,263
$1,649,828
2%
$1,432,500
88
47
2015
$1,644,936
$1,596,906
3%
$1,262,500
84
53
2014
$1,424,618
$1,375,336
3%
$1,040,000
76
47
Discount Median Total Average Days Ratio Selling Price Units Sold on Market
{2018 v 2017}
Change
Ventura County Q2 Market Update / Calabasas / 12
at a glance {Q2 | 2018}
calabasas
3
%
Change in Average Selling Price {2018 v 2017}
-2
%
Change in Units Sold {2018 v 2017}
85 Units Sold
1.7m
$
Average Selling Price
at a glance {Q2 | 2018}
camarillo
2
%
Change in Average Selling Price {2018 v 2017}
-5
%
Change in Units Sold {2018 v 2017}
216 Units Sold
700k
$
Average Selling Price
|
Average SellingUnits Price Total Units Sold vs ASP $740,000
300
$720,000
250
$700,000 $680,000
200
$660,000 $640,000
150
$620,000
100
$600,000 $580,000
50
$560,000 $540,000
0
2014
2015
2016
2017
Average Selling Price
2018
Total Units Sold
About
Camarillo Camarillo is a thriving community in the heart of Ventura County. Situated on the Oxnard Plain, just nine miles from the Pacific Ocean. Camarillo offers an appealing mixture of rural and suburban lifestyles. With more than 300 sunny days annually and an average temperature in the low 70s, Camarillo’s climate is hard to beat. sothebyshomes.com/ventura
{ALP vs ASP}
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market {2018 v 2017}
Change
3%
2%
-
4%
-5%
-6%
2018
$730,856
$722,352
1%
$642,650
216
50
2017
$712,426
$707,571
1%
$618,450
228
53
2016
$670,492
$661,253
1%
$580,000
255
69
2015
$669,387
$655,699
2%
$573,000
237
66
2014
$620,875
$606,396
2%
$540,000
175
62
15
/ Camarillo / Ventura County Q2 Market Update
|
Average SellingUnits Price Total Units Sold vs ASP $1,400,000
60
$1,200,000
50
$1,000,000
40
$800,000 30 $600,000 20
$400,000
10
$200,000 $-
0
2014
2015
2016
2017
Average Selling Price
2018
Total Units Sold
About
Channel Islands (Oxnard) For the surfer, boater, or avid beachcomber, this seaside community offers miles of sandy beaches, surf breaks, sport fishing, kayaking, whale-watching and is the gateway to the Channel Island National Park. Walk to bike paths, local amenities, or Sunday Farmers Market from any of the beach or marina neighborhoods. sothebyshomes.com/ventura
{ALP vs ASP}
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market {2018 v 2017}
Change
11%
11%
-
13%
-28%
-19%
2018
$1,268,535
$1,227,774
3%
$1,122,500
36
78
2017
$1,142,679
$1,103,808
3%
$992,500
50
96
2016
$1,290,136
$1,220,875
5%
$981,250
36
84
2015
$1,038,053
$993,155
4%
$978,000
42
94
2014
$1,006,637
$949,878
6%
$831,000
47
73
Ventura County Q2 Market Update / Channel Islands / 16
at a glance {Q2 | 2018}
channel islands
11
%
Change in Average Selling Price {2018 v 2017}
-28
%
Change in Units Sold {2018 v 2017}
36 Units Sold
1.2m
$
Average Selling Price
at a glance {Q2 | 2018}
lake sherwood
-23
%
Change in Average Selling Price {2018 v 2017}
0
%
Change in Units Sold {2018 v 2017
5
Units Sold
1.9m
$
Average Selling Price
|
Average SellingUnits Price Total Units Sold vs ASP $3,000,000
10 9
$2,500,000
8 7
$2,000,000
6
$1,500,000
5 4
$1,000,000
3 2
$500,000
1
$-
0
2014
2015
2016
2017
Average Selling Price
2018
Total Units Sold
About
Lake Sherwood Surrounded by beauty and overflowing with family fun, Lake Sherwood offers a warm environment that invites you to enjoy golf, tennis, boating, swimming and back-country style living. sothebyshomes.com/ventura
{ALP vs ASP}
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market {2018 v 2017}
Change
-24%
-23%
-
10%
0%
-34%
2018
$2,045,400
$1,918,000
6%
$2,200,000
5
73
2017
$2,685,760
$2,495,400
7%
$2,000,000
5
110
2016
$1,620,187
$1,587,533
2%
$1,549,800
9
53
2015
$1,688,250
$1,659,750
2%
$1,397,000
4
100
2014
$1,614,750
$1,554,750
4%
$1,604,500
4
146
19
/ Lake Sherwood / Ventura County Q2 Market Update
|
Average Selling Price Total Units Sold Units vs ASP
$1,400,000
90 80
$1,200,000
70
$1,000,000
60
$800,000
50
$600,000
40 30
$400,000
20
$200,000
10
$-
0
2014
2015
2016
2017
Average Selling Price
2018
Total Units Sold
About
Ojai Set in a valley in the Topa Topa Mountains, the city has a village-like center dotted with art galleries and New Age shops. Home to artisans of every calling - farmers, celebrities, spiritualists and the famous Ojai Valley Inn. sothebyshomes.com/ventura
{ALP vs ASP}
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market {2018 v 2017}
Change
13%
17%
-
21%
-18%
29%
2018
$1,257,216
$1,215,514
3%
$820,000
50
106
2017
$1,114,631
$1,034,619
7%
$677,000
61
82
2016
$892,103
$858,327
4%
$685,035
79
109
2015
$860,941
$826,940
4%
$642,875
60
91
2014
$974,106
$909,441
7%
$632,500
50
121
Ventura County Q2 Market Update / Ojai
/ 20
at a glance {Q2 | 2018}
ojai
17
%
Change in Average Selling Price {2018 v 2017}
-18
%
Change in Units Sold {2018 v 2017}
50 Units Sold
1.2m
$
Average Selling Price
at a glance {Q2 | 2018}
thousand oaks
-1
%
Change in Average Selling Price {2018 v 2017}
-3
%
Change in Units Sold {2018 v 2017}
330 Units Sold
800k
$
Average Selling Price
|
Average SellingUnits Price Total Units Sold vs ASP $860,000
400
$840,000
350
$820,000
300
$800,000
250
$780,000
200
$760,000
150
$740,000 $720,000
100
$700,000
50
$680,000
0
2014
2015
2016
2017
Average Selling Price
2018
Total Units Sold
About
Thousand Oaks The City of Thousand Oaks is a premiere community recognized for being one of the most desirable places in all of California to live, work, recreate, and raise a family. Over 15,000 acres of natural publicly owned open space located within the City’s boundaries. Thousand Oaks is rated among the top safest cities in the Nation. sothebyshomes.com/ventura
{ALP vs ASP}
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market {2018 v 2017}
Change
-1%
-1%
-
0%
-3%
-13%
2018
$842,541
$833,118
1%
$757,500
330
44
2017
$853,246
$842,049
1%
$759,250
340
51
2016
$863,627
$837,244
3%
$735,000
380
61
2015
$801,186
$787,087
2%
$699,000
348
63
2014
$756,200
$736,062
3%
$654,750
280
67
23
/ Thousand Oaks / Ventura County Q2 Market Update
|
Average SellingUnits Price Total Units Sold vs ASP $800,000
250
$700,000 200
$600,000 $500,000
150
$400,000 100
$300,000 $200,000
50
$100,000 $-
0
2014
2015
2016
2017
Average Selling Price
2018
Total Units Sold
About
Ventura A California coastal city, Ventura is known for its beaches, long Ventura Pier, Mission San Buenaventura with its 1809 church and Surfer’s Point - popular for surfing and windsurfing. sothebyshomes.com/ventura
{ALP vs ASP}
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market {2018 v 2017}
Change
14%
14%
-
7%
-17%
-11%
2018
$778,285
$761,606
2%
$629,000
177
45
2017
$680,761
$668,547
2%
$586,500
212
51
2016
$669,356
$652,761
2%
$575,500
220
61
2015
$662,375
$636,192
4%
$530,000
223
66
2014
$571,771
$560,847
2%
$505,000
200
61
Ventura County Q2 Market Update / Ventura / 24
at a glance {Q2 | 2018}
ventura
14
%
Change in Average Selling Price {2018 v 2017}
-17
%
Change in Units Sold {2018 v 2017}
177 Units Sold
800k
$
Average Selling Price
at a glance {Q2 | 2018}
westlake village
15
%
Change in Average Selling Price {2018 v 2017}
8
%
Change in Units Sold {2018 v 2017}
110 Units Sold
1.6m
$
Average Selling Price
|
Average SellingUnits Price Total Units Sold vs ASP $1,800,000
140
$1,600,000
120
$1,400,000
100
$1,200,000 $1,000,000
80
$800,000
60
$600,000
40
$400,000
20
$200,000 $-
0
2014
2015
2016
2017
Average Selling Price
2018
Total Units Sold
About
Westlake Village Breathtaking blue waters of Westlake Lake, lush rolling pastures of horse country and a lively array of leisure activities ranging from biking or hiking to golfing on any one of our many private or public courses. sothebyshomes.com/ventura
{ALP vs ASP}
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market {2018 v 2017}
Change
17%
15%
-
12%
8%
-3%
2018
$1,636,455
$1,563,281
4%
$1,206,000
110
57
2017
$1,396,211
$1,361,500
2%
$1,072,500
102
59
2016
$1,402,443
$1,366,790
3%
$1,099,278
106
66
2015
$1,360,866
$1,322,094
3%
$1,175,000
126
66
2014
$1,223,528
$1,180,280
4%
$992,500
91
58
27
/ Westlake Village / Ventura County Q2 Market Update
Extraordinary Results We celebrate the notable success of our associates and clients
WESTLAKE VILLAGE
French Country Estate Last asking $3,195,000
CALABASAS
26723 Mont Calabasas Last asking $2,549,000 AGOURA HILLS
Spacious Mediterranean Last asking $2,199,000 AGOURA HILLS
Remodeled Highland Estates Last asking $2,195,000 CHANNEL ISLANDS
Mandalay Bay Custom Last asking $1,895,000 *in order from left to right, top to bottom
sothebyshomes.com/ventura 29
/ Significant Sales / Ventura County Q2 Market Update
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